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Sub Sri Thai Real Estate Investment Trust

Sub Sri Thai Real Estate Investment Trust

SSTRT.BK
Sub Sri Thai Real Estate Investment TrustTH flagStock Exchange of Thailand
4.42
THB
- -
- -
844.99MMarket Cap
Sub Sri Thai Real Estate Investment Trust
SSTRT.BK
(Stock Exchange of Thailand)

Recent

price

4.42

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.32
0.8
0.8
0.03
0.82
0.44
0.76
0.76
0.62
0.71
0.71
- -
0.71
Revenue per Share
0.29
0.72
0.75
0.01
0.55
0.28
0.51
0.53
0.44
0.61
0.49
- -
0.52
Basic EPS, GAAP
-9.61
0.25
0.68
-0.1
0.48
0.38
0.4
0.55
-0.44
0.64
0.64
- -
0.65
Free Cash Flow per Basic Share
- -
0.61
0.68
- -
0.28
0.27
0.36
0.52
0.33
0.4
0.4
- -
0.4
Dividend per Share
10.29
10.4
10.47
7.71
7.72
7.46
7.75
7.76
7.81
8.02
8.1
- -
8.17
Book Value per Share
10.29
10.4
10.47
7.71
7.72
7.84
8.13
8.14
7.79
7.99
8.08
- -
8.15
Tangible Book Value per Share
82
82
82
82
82
156
156
156
191
191
191
- -
191
Basic Weighted Avg Shares
26
65
66
2
68
68
118
118
118
136
136
136
136
Sales/Revenue/Turnover
89.9
90.4
90.23
74.95
79.94
79.81
78.86
83.11
82.3
89.7
89.92
89.95
89.94
Operating Margin (%)
- -
- -
- -
- -
5
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
24
59
62
1
45
43
80
82
84
116
94
98
99
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
90.2
90.55
94.26
47.13
66.98
63.04
67.59
69.77
70.75
85
68.56
72.28
72.61
Profit Margin (%)
25
3
4
36
28
-2
63
38
39
38
40
44
18
Working Capital
- -
- -
- -
238
238
238
239
215
186
129
92
55
37
LT Debt
844
853
859
633
633
1,225
1,271
1,272
1,488
1,527
1,545
1,566
1,558
Total Equity
- -
6.96
6.91
0.21
6.21
4.68
6.28
6.49
6.05
7.18
7.28
7.34
7.47
Return on Invested Capital (%)
- -
6.98
7.22
0.21
6.34
4.67
6.32
6.3
5.82
7.38
6
6.2
6.3
Return on Capital (%)
- -
6.98
7.22
0.15
7.16
4.8
6.73
6.79
6.18
7.65
6.07
6.3
6.37
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
37
37
37
LT Borrowings
55
55
37
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
191
191
191
Market Capitalization
841
822
822

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
100
132
102
Cash, Cash Equivalents & STI
12
10
15
Accounts Receivable, Net
45
79
44
Inventories
- -
- -
- -
Total Current Liabilities
84
89
84
Payables & Accruals
4
8
4
ST Debt
37
37
37
Deferred Revenue
43
43
43

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.39%
4.46%
1.42%
Free Cash Flow
-88.24%
-80.74%
0.08%
Net Income, GAAP
390.66%
5.78%
5.13%
Sales/Revenue/Turnover
270.16%
3.01%
-0.27%
Total Cash Common Dividend
- -
8.95%
0.03%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
34
34
34
34
136
2025
34
34
34
34
136
2026
34
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.03
0.15
- -
0.49
2025
0.15
0.05
0.16
- -
- -
2026
0.15
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
- -
0.2
- -
0.4
2025
0.2
- -
0.2
- -
- -
2026
0.2
- -
- -
- -
- -
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Business
Sub Sri Thai Real Estate Investment Trust (SSTRT.BK) is a real estate investment trust externally managed by SST REIT Management Company Limited that invests in immovable properties, leasehold rights including sub-leases, and related fixtures, constructions, systems, and accessories necessary for their operation; its core assets consist of document warehouse buildings, industrial warehouses, and supporting real estate for document storage and warehousing businesses in Thailand. Formed on December 13, 2017 through conversion from Sub Sri Thai Smart Storage Property Fund and listed on the Stock Exchange of Thailand, the trust is headquartered in Bangkok and operates exclusively in Thailand with a focus on generating rental income, service charges, and long-term returns for unitholders via property management, development, and selective sales. In September 2019, it completed its first major capital increase by converting Sub Sri Thai Property Fund into the trust, issuing 74.25 million new units at a 1:1.1 swap ratio and acquiring additional warehouse assets to expand its portfolio.